Scooter's Coffee (Covington, TN) | 712 US Hwy 51
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Scooter's Coffee (Covington, TN) 712 US Hwy 51
664 SF Retail Building Covington, TN 38019 $1,385,000 ($2,086/SF) 6.80% Cap Rate
Investment Highlights
- New 10 Year Absolute NNN Lease with Personal Guaranty
- Six 5-Year Options with Fixed 10% Increases Every 5 Years
- Scooter's Coffee Ranked #2 on Entrepreneur's Franchise 500 List in 2024
- Brand New Construction, Tenant Opened June 2024
- Ideally Located off Hwy 51, a Major Retail Thoroughfare
- A Fast Growing U.S. Franchise Brand with Over 800 Locations
Executive Summary
This brand new Scooter’s Coffee asset opened in June 2024 and offers a 10 Year Absolute NNN Lease with six 5-year renewal options and fixed 10% rent increases every 5 years. The subject property is ideally located in a prime retail trade area off of Hwy 51, a major retail thoroughfare. The newly constructed site sits on 0.84 acre lot with excellent visibility, access, and frontage. The subject property is in close proximity to several national retailers such as Family Dollar, Walgreens, Dollar General, O’Reilly Auto Parts, and more. The site is nearby several hotels with over 250+ rooms combined in a 1 mile radius and is within 2.5 miles from Walmart anchored shopping center with multiple national retailers. This Scooter’s Coffee location is within 4 miles of Dyersburg State Community College (±2,683 average annual student enrollment) and Baptist Memorial Hospital-Tipton with approximately 210 employees.
Scooter’s Coffee is a fast growing U.S. franchise brand with over 800 locations and is ranked #2 on Entrepreneur’s Franchise 500 list in 2024.
Watch Property Video: https://vimeo.com/999045880?share=copy
Scooter’s Coffee is a fast growing U.S. franchise brand with over 800 locations and is ranked #2 on Entrepreneur’s Franchise 500 list in 2024.
Watch Property Video: https://vimeo.com/999045880?share=copy
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
664 SF
Building Class
C
Year Built
2024
Price
$1,385,000
Price Per SF
$2,086
Cap Rate
6.80%
NOI
$94,169
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.89 AC
Opportunity Zone
Yes
Frontage
131 FT on U.S. 51 South
Amenities
- Drive Thru
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Scooter's Coffee
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Scooter's Coffee | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 025N-C-020.01 | Improvements Assessment | $91,880 |
| Land Assessment | $43,200 | Total Assessment | $135,080 |
PROPERTY TAXES
Parcel Number
025N-C-020.01
Land Assessment
$43,200
Improvements Assessment
$91,880
Total Assessment
$135,080
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Scooter's Coffee (Covington, TN) | 712 US Hwy 51
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